A Note to Our Readers

Dear Readers,
We make a special effort here to record the facts as we receive them. At times, there may be error but we do try to use our best judgement at the time of posting, and will be glad to amend any details which are proved incorrect. Furthermore, even though we do not here discuss the human cost, we realize that losing anyone in an air accident is insurmountable tragedy to individuals, families and communities. We do extend our heartfelt sympathy to those whose loss we record here. "...any man's death diminishes me, because I am involved in mankind, and therefore never send to know for whom the bell tolls, it tolls for..." us all.
Meditation XVII - (with apologies to) John Donne


2007/10/20

Gol Linhas Aereas Buyback Under Consideration

The Tam Air crash revealed defects in Brazil's civil aviation system. The system has been stressed subsequent to air traffic controller strikes and work slowdowns that have been causing mass delays and cancellations and damaged Brazilian airlines.

Gol Linhas Aereas Intelligentes SA shares dropped since Brazil's deadliest air accident in.July, when theTAM passenger jet crashed in Sao Paulo and killed 199 people.

Following the crash, President Luiz Inacio Lula da Silva responded to pressure by firing the defense minister in charge of civil aviation, and the government is imposing a plan to reduce air traffic at Sao Paulo's Congonhas airport, the site of the crash and the nation's busiest airport.

The family-run fund that controls the company announced it is considering a share buyback.
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